Common use of 2024 Bonus Clause in Contracts

2024 Bonus. Executive’s Annual Cash Incentive from the Effective Date to December 31, 2024 shall be a pro-rata portion (50%) of Executive’s Target Annual Cash Incentive (as defined in Section 4.3(a)(iii) below) based on a target to be determined by the Board, in good faith consultation with Executive. The Company and Executive both acknowledge that Executive’s Annual Cash Incentive for the period prior to Closing (January 1, 2024 to the Effective Date) was paid to Executive based on Cedar Fair’s standalone performance prior to Closing.

Appears in 9 contracts

Samples: Employment Agreement (Six Flags Entertainment Corporation/New), Employment Agreement (Six Flags Entertainment Corporation/New), Employment Agreement (Six Flags Entertainment Corporation/New)

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